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20121129
20121207
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ABC
Nov 28, 2012 5:30pm PST
cliff, 34 days left for congress to make a deal, which will prevent taxes from rising on everyone. including the middle class. and all day, americans around the country were sending a message, telling washington to get to work and get a job done. here's abc's senior white house correspondent jake tapper with the story. >> reporter: president obama today continued his public relations push, surrounding himself with supporters who wrote the white house, saying they do not want to see a tax increase on the middle class. it's all part of a move to rachet up pressure on republicans in congress to reach a deal before the nation goes off the so-called fiscal cliff, which would increase taxes for the average family by $2,200. >> that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition. >> reporter: but house republicans will not relent on their opposition to any plan that would raise taxes on the wealthy. >> you're not going to grow the economy if you raise tax rate
ABC
Nov 30, 2012 1:40am PST
're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional control over the debt limit would go away. and congress does not like to have its power take any way. so maybe the white house, upped the ante and played the stronger card and has republicans balking, according to reporting by "the washington post." that's a new element, all of that, that could prove interesting because it's stripping congressional control. and we just had the big debate over the debt ceiling. >> exactly. >> interesting. the clock is ticking, fellows, for sure. >>> speaking of money, extending jobless benefits for the long-term unemployed could help
ABC
Dec 6, 2012 1:40am PST
the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousands of e-mails in the case have been released. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began specifically talking and fantasizing about killing a lot of people. his psychiatrist was so worri
ABC
Nov 30, 2012 7:00am PST
pockets, i guess. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. >> i don't understand his brain. so, you should ask him. okay? >> tough words there. abc's jon karl is covering this all from capitol hill. jon, as we said, senate republican leader mitch mcconnell says he laughed out loud at geithner's offer. break down the offer from the white house and the republican objections. >> reporter: not only did he laugh out loud, the speaker saying it's unrealistic. the key is $1.6 trillion in tax increases over the next ten years. $50 billion in additional stimulus spending. $400 billion in medicare cuts. but unspecified over the next ten years. and effecti
Search Results 0 to 3 of about 4